S.B.P.H.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
S.B.P.H.
Largest movements
- Deferred charges and accrued income -€8,907
down €8,907 (-69.4%), from €12,839 to €3,932
- Cash +€7,302
up €7,302 (+7.3%), from €99,758 to €107,060
mainly Net result for the year (+€15,067) and Deferred charges and accrued income (+€8,907)
- Tangible fixed assets +€6,261
up €6,261 (+23.3%), from €26,844 to €33,105
- Debts after one year -€10,017
down €10,017 (-53.5%), from €18,707 to €8,690
- Reserves +€8,000
up €8,000 (+12.4%), from €64,500 to €72,500
of which Distributable reserves: +€8,000
- Other debts +€7,188
up €7,188 (+351%), from €2,050 to €9,238
- Gross operating margin -€4,861
down €4,861 (-12.8%), from €37,938 to €33,076
- Depreciation -€1,919
down €1,919 (-19.7%), from €9,740 to €7,821
- Taxes -€491
down €491 (-5.9%), from €8,364 to €7,872
- Financial charges -€416
down €416 (-22.7%), from €1,829 to €1,414
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,441 | €144,098 | +€4,656 | +3.3% |
| Fixed assets | 21/28 | €26,844 | €33,105 | +€6,261 | +23.3% |
| Tangible fixed assets | 22/27 | €26,844 | €33,105 | +€6,261 | +23.3% |
| Furniture and vehicles | 24 | €26,844 | €33,105 | +€6,261 | +23.3% |
| Current assets | 29/58 | €112,597 | €110,992 | -€1,605 | -1.4% |
| Cash at bank and in hand | 54/58 | €99,758 | €107,060 | +€7,302 | +7.3% |
| Deferred charges and accrued income | 490/1 | €12,839 | €3,932 | -€8,907 | -69.4% |
| Total equity and liabilities | 10/49 | €139,441 | €144,098 | +€4,656 | +3.3% |
| Equity | 10/15 | €100,065 | €108,131 | +€8,067 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,500 | €72,500 | +€8,000 | +12.4% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €64,000 | €72,000 | +€8,000 | +12.5% |
| Profit (loss) carried forward | 14 | €29,364 | €29,431 | +€67 | +0.2% |
| Amounts payable | 17/49 | €39,377 | €35,966 | -€3,410 | -8.7% |
| Amounts payable after more than one year | 17 | €18,707 | €8,690 | -€10,017 | -53.5% |
| Financial debts | 170/4 | €18,707 | €8,690 | -€10,017 | -53.5% |
| Amounts payable within one year | 42/48 | €20,669 | €27,276 | +€6,607 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €9,587 | €10,017 | +€430 | +4.5% |
| Taxes, remuneration and social security | 45 | €9,033 | €8,021 | -€1,012 | -11.2% |
| Taxes | 450/3 | €9,033 | €8,021 | -€1,012 | -11.2% |
| Other amounts payable | 47/48 | €2,050 | €9,238 | +€7,188 | +351% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,740 | €7,821 | -€1,919 | -19.7% |
| Other operating charges | 640/8 | €1,582 | €1,430 | -€152 | -9.6% |
| Gross operating margin | 9900 | €37,938 | €33,076 | -€4,861 | -12.8% |
| Operating profit (loss) | 9901 | €26,616 | €23,826 | -€2,790 | -10.5% |
| Financial income | 75/76B | €435 | €526 | +€92 | +21.1% |
| Recurring financial income | 75 | €435 | €504 | +€70 | +16.0% |
| Non-recurring financial income | 76B | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,829 | €1,414 | -€416 | -22.7% |
| Recurring financial charges | 65 | €1,829 | €1,414 | -€416 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €22,939 | -€2,283 | -9.1% |
| Income taxes | 67/77 | €8,364 | €7,872 | -€491 | -5.9% |
| Profit (loss) for the period | 9904 | €16,858 | €15,067 | -€1,791 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,858 | €15,067 | -€1,791 | -10.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.